Australia's Allegro closes Fund III at $218m hard cap
Australia-based turnaround investor Allegro Funds has reached a final close on its third fund at the hard cap of A$290 million ($218 million) as well as raising A$92 million for a sidecar vehicle.
A first close of A$250 million – the target size for the entire fund – came in October, seven weeks after launch. At that point, the GP stopped marketing to new investors. The corpus comprises contributions...
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